Macquarie Group Ltd., a leading global financial services provider, has recently made adjustments to its investment in F&G Annuities & Life, Inc. (NYSE:FG). According to the company’s latest filing with the Securities and Exchange Commission (SEC), Macquarie Group Ltd. has reduced its position in FG by 16.5% during the first quarter of this year. As a result of this move, the fund now owns 41,629 shares of FG stock, having sold 8,255 shares within the mentioned period. At the end of the last quarter, Macquarie Group Ltd.’s holdings in F&G Annuities & Life amounted to a valuation of $755,000.
These adjustments in investment reflect Macquarie Group Ltd.’s response to prevailing market conditions and its assessment of FG’s performance as an investment opportunity. Taking into account various factors such as earnings data and future growth potential, institutional investors like Macquarie Group Ltd. make informed decisions regarding portfolio adjustments.
F&G Annuities & Life recently disclosed its earnings results for the quarter ended August 8th. According to these reports, the company reported an impressive earnings per share (EPS) figure of $0.63 for the quarter in question. Additionally, F&G Annuities & Life generated revenue amounting to $1.17 billion during this period.
Analysts specializing in equity research have provided their predictions concerning FG’s performance for the current fiscal year. On average, these experts estimate that F&G Annuities & Life will post earnings per share of approximately $3.17.
Investors keen on staying updated about developments in F&G Annuities & Life can refer to our latest report on FG. This report offers comprehensive insights into the company’s financial performance, growth prospects, and overall market position.
As is customary with any investment decision-making process, it is crucial for investors to conduct thorough research and analysis before making any investment moves. This involves considering various factors such as financial statements, market trends, and expert opinions. By arming themselves with such information, investors can make well-informed decisions that align with their investment goals and risk tolerance.
It is important to note that this article is based on the information available as of September 22, 2023. Market conditions and company developments may have evolved since then, prompting investors to gather the latest data and seek professional advice if necessary.
In summary, Macquarie Group Ltd.’s recent reduction in its position in F&G Annuities & Life Inc. reflects the company’s strategic portfolio adjustments based on prevailing market conditions. F&G Annuities & Life’s recent earnings results indicate a strong performance, further influencing investor decisions. Investors interested in F&G Annuities & Life are advised to review our latest report on the company for comprehensive insights into its financial standing and growth prospects.
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Recent Acquisitions and Dividend Announcement Propel F&G Annuities & Life’s Stock
In recent times, significant changes have been observed in the positions of various prominent investors in F&G Annuities & Life. Notably, Chilton Capital Management LLC has acquired a new stake in the company during the first quarter, amounting to $29,000. Additionally, Vestcor Inc made a purchase of shares during the fourth quarter, investing around $32,000. Acadian Asset Management LLC also joined the list of investors during the first quarter with an investment valued at approximately $30,000. Furthermore, Gladius Capital Management LP purchased shares worth about $33,000 during the same period. Finally, Globeflex Capital L P entered the scene in the fourth quarter by making an investment of approximately $45,000. It is noteworthy that institutional investors and hedge funds collectively own 96.46% of F&G Annuities & Life’s stock.
On Friday, September 22nd, NYSE FG opened at a price of $27.19. The company maintains a debt-to-equity ratio of 0.62 along with a current ratio and quick ratio of 0.17 each respectively. Over the past year, F&G Annuities & Life’s stock has seen both highs and lows with its 52-week low being recorded at $9.03 and its 52-week high at $35.00.The company’s 50-day moving average price stands at $27.39 while its 200-day moving average price is recorded at $22.32.
In addition to these developments, F&G Annuities & Life recently announced a quarterly dividend payment scheduled for Friday, September 29th.The announcement stated that shareholders will be issued a dividend of $0.20 per share provided they are recorded as shareholders on Friday, September 15th.These dividends amount to an annualized payout rate of $0.80 per share leading to a yield of 2.94%. It is important to note that the ex-dividend date for these shares is Thursday, September 14th.
Moving forward, an analyst firm named Stephens has reaffirmed its “equal weight” rating on F&G Annuities & Life’s stock. They have also set a price target of $19.00 per share based on their research analysis conducted on Wednesday, August 9th.
As we navigate through the financial landscape, it becomes increasingly evident that F&G Annuities & Life has garnered attention from various institutional investors and hedge funds. With its recent acquisitions and positive dividend announcements, the company seems to be attracting both current and prospective investors. As a result, it will be interesting to observe how these developments impact the company’s future performance and market value.
Please note: This article is based solely on publicly available information as of September 22, 2023.
